Americans are flush in liquidity - Thanks Joe!

[justoffal]

Well, thank you for proving my point. You dont know what a bubble is. The issue is capacity to build homes in areas where homes are in demand. There is no overvaluation of property bubble. No one in the industry agrees with your assessment.

Why We Aren't Headed for a Housing Crash

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows.

www.keepingcurrentmatters.com

Oh please......It's a bubble plain and simple. Don't need any off the wall misdirects from some OFFICIAIL encon-opedia to see that the valuations have detached from the local income rates creating a disparity that can only be described as a bubble. A large portion of the otherwise economically stable public has been shut out to purchase because of the new numbers. So it's not YOUR KIND OF BUBBLE? Are you kidding me? You think it's a supply issue? That's not what I'm being told by local Real estate soldiers here in Mass. According to them the only thing an increased supply will do at this point is increase the exact same activity. I'm seeing 25 and 30 offers on single listings within days...sometimes hours of them being listed. I don't think you can build fast enough to keep up with the demand right now.

Like I said your ignoring the part that the dollar plays in this story. It's sinking globally and it shows faster in real estate than anywhere else.

JO

 

[Independent thinker]

Americans are flush with liquidity.

Home equity is at record levels and consumers are in their least levered situation in history. According to the February 2024 ICE Mortgage Monitor report, the average homeowner currently has about $299,000 in home equity, about $193,000 of which is tappable home equity.

The American consumer is so liquid right now that we could be in an economic growth cycle for the next decade Although predicting outcomes is difficult due to external factors.

In addition to home equity, bank accounts are record highs as are retirement saving.

To Recap:

• $32T is a record amount of home equity
• $38T is a record for retirement accounts
• $5.5T is a record in personal savings
• Real (inflation adjusted) incomes are record levels excluding the Covid period.

It is a great time to be alive! Thanks Biden!

Households; Owners' Equity in Real Estate, Level

Graph and download economic data for Households; Owners' Equity in Real Estate, Level (OEHRENWBSHNO) from Q4 1945 to Q4 2023 about net worth, balance sheet, nonprofit organizations, equity, real estate, Net, households, and USA.

fred.stlouisfed.org

View attachment 943939

Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level

Graph and download economic data for Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level (HOEREPHRE) from Q4 1945 to Q4 2023 about equity, real estate, percent, households, and USA.

fred.stlouisfed.org

View attachment 943941

View attachment 943948

https://www.ici.org/print/pdf/node/836811

People can't afford to live anymore. Inflation is still high and going up. Evictions are high. Foreclosures are high. Homelessness is high. Auto defaults are high. Credit card delinquencies are high. Credit card debt is high. People can't afford homes because interest rates are high. And you sit their and brag because the rich are getting richer in the stock market.

 

[Rawley]

People can't afford to live anymore. Inflation is still high and going up. Evictions are high. Foreclosures are high. Homelessness is high. Auto defaults are high. Credit card delinquencies are high. Credit card debt is high. People can't afford homes because interest rates are high. And you sit their and brag because the rich are getting richer in the stock market.

Biden says you have the money, so just STFU and be grateful.

https://www.cnn.com/2024/05/08/politics/cnn-interview-joe-biden-what-matters/index.html

How much more out of touch can the Simp be?

 

[justoffal]

People can't afford to live anymore. Inflation is still high and going up. Evictions are high. Foreclosures are high. Homelessness is high. Auto defaults are high. Credit card delinquencies are high. Credit card debt is high. People can't afford homes because interest rates are high. And you sit their and brag because the rich are getting richer in the stock market.

These are the same guys that cuss out the CEO's that make their portfolios fat. Lol....

 

[Richard-H]

Thanks for the quote from the world's most famous Anti-Fascist!

George Orwell is always an inspiration!

Will you be quoting Karl Marx next?

 

[citygator]

People can't afford to live anymore. Inflation is still high and going up. Evictions are high. Foreclosures are high. Homelessness is high. Auto defaults are high. Credit card delinquencies are high. Credit card debt is high. People can't afford homes because interest rates are high. And you sit their and brag because the rich are getting richer in the stock market.

That isnt remotely true in the real world. Homes are high priced due to supply. If you were informed you’d know high interest rates LOWERS home prices because it reduces demand.

Credit card debt payments are at historic lows compared to income. This is because people have more income now than ever.

There is no national tracking for evictions so you are making that up.

The economy is great. It has never favored the working class and you dont give a shit otherwise you’d vote for a party who has policies that help the middle class which is demcrats. The GOP shits on them.

 

[HikerGuy83]

If you were informed you’d know high interest rates LOWERS home prices because it reduces demand.

Except Yeltsin just admitted this isn't happening.

It is typically true....but, not right now.

 

[HikerGuy83]

Credit card debt payments are at historic lows compared to income. This is because people have more income now than ever.

I had to do a double take on this one. I had not heard anyone try to make this claim before.

https://www.cnbc.com/2024/02/22/americans-with-debt-putting-less-money-toward-credit-card-payments.html

This says there is less money to put towards cards.

Hmmm..............

 

[HikerGuy83]

The economy is great.

 

[Jim H - VA USA]

Americans are flush with liquidity.

Home equity is at record levels and consumers are in their least levered situation in history. According to the February 2024 ICE Mortgage Monitor report, the average homeowner currently has about $299,000 in home equity, about $193,000 of which is tappable home equity.

The American consumer is so liquid right now that we could be in an economic growth cycle for the next decade Although predicting outcomes is difficult due to external factors.

In addition to home equity, bank accounts are record highs as are retirement saving.

To Recap:

• $32T is a record amount of home equity
• $38T is a record for retirement accounts
• $5.5T is a record in personal savings
• Real (inflation adjusted) incomes are record levels excluding the Covid period.

It is a great time to be alive! Thanks Biden!

Households; Owners' Equity in Real Estate, Level

Graph and download economic data for Households; Owners' Equity in Real Estate, Level (OEHRENWBSHNO) from Q4 1945 to Q4 2023 about net worth, balance sheet, nonprofit organizations, equity, real estate, Net, households, and USA.

fred.stlouisfed.org

View attachment 943939

Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level

Graph and download economic data for Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level (HOEREPHRE) from Q4 1945 to Q4 2023 about equity, real estate, percent, households, and USA.

fred.stlouisfed.org

View attachment 943941

View attachment 943948

https://www.ici.org/print/pdf/node/836811

Under Biden, household net worth increased 14%. Under Trump, it increased 40%....

Adjusted for inflation, Househould net worth has DECREASED under Biden and SOARED under Trump.

Households; Net Worth, Level

Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005Q) from Q4 1987 to Q4 2023 about net worth, Net, households, and USA.

fred.stlouisfed.org

Thanks for playing.

Regards,
Jim

 

[Billiejeens]

Well, thank you for proving my point. You dont know what a bubble is. The issue is capacity to build homes in areas where homes are in demand. There is no overvaluation of property bubble. No one in the industry agrees with your assessment.

Why We Aren't Headed for a Housing Crash

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows.

www.keepingcurrentmatters.com

The people who make a living by convincing buyers to purchase homes are telling us that homes are not over valued and that prices are not coming down.

That sounds legit.

(this is literally what passes for well researched facts to the left)

 

[Lisa558]

Equity is not liquidity you moron. Inflation has pushed housing prices to record levels. That along with higher interest rates has made it impossible for people to access that equity. Most can’t afford to refinance at the current rates. As a matter of fact they can’t afford to even move. The majority of homeowners are stuck in highly valued homes they can’t afford to sell or refinance.

Worse…..their property values on the inflated house value will jump.

 

[Harpy Eagle]

Dude says he doesn't know about when The Eagle shits yet says he's retired military.

I am retired military, that does not make me fluent in reading drunk post.

Post it again in English this time.

 

[MisterBeale]

Thanks for the quote from the world's most famous Anti-Fascist!

George Orwell is always an inspiration!

Will you be quoting Karl Marx next?

In the old days, real socialists and real communists, would have unequivocally rejected queer theory and the blurring of reality;

Queer theory - Wikipedia

en.wikipedia.org

As a distraction from workers' liberation and an inherent weakening of the movement . . ..

Unequivocal statements by Friedrich Engels

They would have called it a subversion of the owners in their movement. If Big Brother controls the minds of the workers, it is then controlled opposition.

Remember? IN 1984, romantic connection and real romance was forbidden, it was threat to the STATE.

 

[Richard-H]

In the old days, real socialists and real communists, would have unequivocally rejected queer theory and the blurring of reality;

Queer theory - Wikipedia

en.wikipedia.org

As a distraction from workers' liberation and an inherent weakening of the movement . . ..

Unequivocal statements by Friedrich Engels

They would have called it a subversion of the owners in their movement. If Big Brother controls the minds of the workers, it is then controlled opposition.

Remember? IN 1984, romantic connection and real romance was forbidden, it was threat to the STATE.



View attachment 944753

As far as I know, real socialists and communists reject queer theory...whatever that is. Most liberals like me, just don't care about it.

You're the one obsessed with 'Queer Theory'. It's not hard to figure out why.

 

[citygator]

Except Yeltsin just admitted this isn't happening.

It is typically true....but, not right now.

There is a supply shortage. High interest rates wont address prices because the supply is low even with demand suppressed by high rates.

 

[citygator]

The people who make a living by convincing buyers to purchase homes are telling us that homes are not over valued and that prices are not coming down.

That sounds legit.

(this is literally what passes for well researched facts to the left)

There are 10,000 reports that say the same thing. I picked one with simple graphs so you Neanderthals could understand. Wishful thinking on my part.

 

[justoffal]

Except Yeltsin just admitted this isn't happening.

It is typically true....but, not right now.

The dollar is receding.

 

[Independent thinker]

That isnt remotely true in the real world. Homes are high priced due to supply. If you were informed you’d know high interest rates LOWERS home prices because it reduces demand.

Credit card debt payments are at historic lows compared to income. This is because people have more income now than ever.

There is no national tracking for evictions so you are making that up.

The economy is great. It has never favored the working class and you dont give a shit otherwise you’d vote for a party who has policies that help the middle class which is demcrats. The GOP shits on them.

LOL. That IS the real world, not the left's fantasy world where everything's going just fine.

 

[Greenbeard]

LOL. That IS the real world, not the left's fantasy world where everything's going just fine.

You’re extrapolating your personal struggle to everyone, when in reality most people are doing pretty well.